12:48 PM · 16 March 2023

BREAKING: EUR dips on ECB media reports

Media reports surfaced saying that ECB officials told at a meeting with European ministers yesterday that some of European banks could be vulnerable amid SVB-Credit Suisse turmoil. Headlines triggered a slump on EUR market as well as European stock market indices. EURUSD dipped back below 1.06 mark while DE30 attempts to take out daily lows near 14,750 pts.

EURUSD dipped below 1.06 on media reports that ECB sees some European banks as vulnerable. Source: xStation5

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MIDDAY WRAP: European indices under pressure from the Greenland dispute, Japan announces snap elections 🎙️

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